When you are smart enough, when you are doing the right thing and have a huge success, there is no way you remain unnoticed. After all, who does not love winners?
The shares of Great Panther Silver Limited (TSE:GPR) made a great impression over the last 1.5 years on the Toronto Stock Exchange (TSE). Back in early September 2009, the stock was worth no more than $0.70. It was then, when Great Panther grabbed for the first time the attention of the well-known Lebed.biz newsletter.
Mr. Lebed was bold enough to declare GPR silver pick №1 for the next decade, pick №1 for 2010 and №5 for 2011. Reality and facts proved convincingly that Mr. Lebed made no mistake.
Since September 2009, the shares have gone 506% up. Yesterday, they finished the session at $4.24, gaining 4.7% from the previous close. Though the stock is currently priced lower than in the beginning of the month, when GPR noted a 13-year high at $4.90, its performance continues to be solid.
It is hardly surprising then, that Great Panther enjoys promoters’ attention again. In fact, it was high time this happened. Finally, GPR has begun appearing in stock newsletters and trader’s boxes.
The company has been more than glorified in several Wall Street Grand reports (WSG club alerts) over the last days. They depict Panther as “a huge undiscovered and undeveloped pick” with the potential to become “a massive winner”, and praise the company’s “high-tech mill and spectacular mine”.
In addition to these words, we could mention several other positive factors and developments:
- In early February, Panther was granted permission for listing on the NYSE Amex stock exchange in the USA – you can see a live video of this event here;
- The price of silver has been rising over the last months;
- As stated in the company’s March 2011 presentation, Panther has 23% gold as a by-product and might benefit when gold-silver ratio increases. You can learn many other interesting details about the company from its video presentation;
- Panther has been regularly participating in plenty of investment conferences around the world and is determined to do so in the future too. This helps the company attract traders’ attention around the Globe;
- Two weeks ago, Panther was able to pay off a $4M long-term debt – this is certainly some financial relief;
- The company looks rather stable financially – it reported substantial sales revenues of $13.8M for the last quarter of 2010, an increase of almost 24% over the previous three-month period.
If there is anything negative we could say about Panther, this is probably the rather humble net income of $0.78M that it generated for the Q4 of 2010.
To this, we might finally add that the company looks overestimated by traders – its market value of $513M is well beyond the $36M net worth of the business as shown by Panther’s balance sheet.
